Archive » January 2009 » 19 January 2009 The english news from 19 January 2009
The Labor Ministry bets on European funds to offset the effects of the economic downturn
Romania's Labor Ministry will count on the absorption of European funds to preserve jobs and create new ones to fight the economic crisis, according to the government secretary within this ministry Marius Lazar. The ministry is currently assessing the situation in Romania and is looking into the social impact of crisis …
Top 10 local banks reluctant to relax lending
The top ten-largest banks in the local system, which own some 80 percent of the market in terms of assets, are in no hurry to ease lending conditions in spite of a the decision by the National Bank of Romania (BNR), of relaxing mortgages. Some lenders even say they do not intend any regulation improvement due to financing costs and risks generated by the depreciation of the national currency…
Patriciu close to acquiring Fabian entirely
Dinu Patriciu, one of Romania's wealthiest people, is one step away from entirely taking over Fabian investment fund listed on the London Stock Exchange, after Black Sea Global Properties company he controls bought or received shareholders' consent to buy 92.9% in Fabian, the company announced…
Romania's Econ Ministry Vows To Revive Industry, Ensure Energy Security
Romania's democrat liberal economy minister Adriean Videanu said Saturday, at the meeting of the party's legislative groups, that his ministry undertakes to revive the country's industry sectors and ensure its energy security. Videanu stressed Romania cannot build a solid economic growth on services or consumption alone, arguing industry is the main engine for the country's growth…